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Here is how Tron (TRX) has proved its critics wrong

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At the time when Tron was created, the cryptocurrency received lots of criticism. Initially, many thought the project would be a failure and won’t last that long. Most crypto enthusiasts also believe that Tron would vanish under impracticable codes.

It doesn’t end there. When Tron unveiled its interest to take responsibility for creating a decentralized Web – which is the primary goal of Tron, it really wasn’t easy for Justin Sun and his team as they were criticized as a blockchain without no product. But were these critics correct?

Tron has answered all its critics

It was discovered that Tron had plagiarized its Whitepaper from Ethereum, people began to label Tron as a failure. Nonetheless, Tron has been very lucky in the crypto sphere.

Its Initial Coin Offering was held in September 2017 and it came at the time when cryptocurrency was beginning to gain fame, thus, offering the crypto sphere more than $500 billion by the end of the year. At that time, Tron – the cryptocurrency initially labeled as a failure, recorded a meteoritic sale of $70 million.

After releasing its press release, Tron increased from $0.04 to $0.3 in just a few weeks. Since then, it has attracted a lot of investors in the crypto market today, and even now, it is still doing a relatively good job (considering the bloodbath that crypto market has been seeing from time to time this year so far).

We do know that it is a normal phenomenon for a digital asset to undergo hefty disapprovals on the part of its community; one can clearly see that with Cardano (ADA) and Ripple (XRP). It was said that Cardano was bought by some people with no future promises of realistic profits (which is wrong). Ripple, on the other hand, received lots of critics on the number of FinTech companies that have really adopted its products.

Even though critics and misinformation have given tough time to Tron, the blockchain firm’s answers have proved to be worthwhile. Talking about some of its most recent successes, the cryptocurrency acquired BitTorrent, and it is also working on new projects such as the Project Atlas.

Tron’s MainNet and its Virtual Machine

Tron’s MainNet was created to gain independence from Ethereum and for developers to get the avenue to develop Dapps (Decentralized Applications) on Tron’s network. The MainNet was launched on May 31s this year. As GlobalCoinReport reported at that time, Tron’s MainNet didn’t bring a surge to its price, which may be because the publicity around it was over.

During that period, it seemed Tron needed to work more to attain investors’ prospects.  Also, Tron’s Virtual Machine was launched recently, but it still hasn’t surge its price (credit goes to the whole crypto market’s dip).

At the moment, Tron’s investors are discarding the misinformation and inadequacies, but looking at its long-term visions.

Tron’s surge and dips

The long-term prospects haven’t evidenced its value yet. At the time of writing, Tron is priced at $0.01752 and ranked No.13 according to CoinMarketCap. Not too long ago, Tron was labeled as one of the ‘most used’ cryptocurrencies on 200+ online stores according to Bitcoin Superstore.

Consequently, the crypto has received lots of attention lately – even though it allegedly erred by plagiarizing its ICO. Not to forget, Tron’s Reddit community has more than 65,000 users currently. With all that in mind, Tron is set to recover soon, all we need do is to wait and see what will occur before the year closes. If the market recovers well, the coin might follow suit efficiently, but it won’t surge alone as it can’t as of now at least.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Daniel Páscoa on Unsplash

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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